In the past week, NEXT stock has gone down by -8.28%, with a monthly decline of -43.21% and a quarterly plunge of -30.55%. The volatility ratio for the week is 5.42%, and the volatility levels for the last 30 days are 7.83% for NextDecade Corporation The simple moving average for the past 20 days is -19.13% for NEXT’s stock, with a -23.17% simple moving average for the past 200 days.
Is It Worth Investing in NextDecade Corporation (NASDAQ: NEXT) Right Now?
The stock has a 36-month beta value of 1.31. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for NEXT is 164.09M, and at present, short sellers hold a 7.05% of that float. On August 28, 2024, the average trading volume of NEXT was 2.09M shares.
NEXT) stock’s latest price update
The stock price of NextDecade Corporation (NASDAQ: NEXT) has dropped by -5.42 compared to previous close of 4.81. Despite this, the company has seen a fall of -8.28% in its stock price over the last five trading days. zacks.com reported 2024-08-22 that NextDecade (NEXT) remains committed to advancing carbon capture and storage technology despite withdrawing its CCS application at the Federal Energy Regulatory Commission.
Analysts’ Opinion of NEXT
Many brokerage firms have already submitted their reports for NEXT stocks, with TD Cowen repeating the rating for NEXT by listing it as a “Buy.” The predicted price for NEXT in the upcoming period, according to TD Cowen is $9 based on the research report published on June 06, 2024 of the current year 2024.
Wolfe Research, on the other hand, stated in their research note that they expect to see NEXT reach a price target of $8. The rating they have provided for NEXT stocks is “Outperform” according to the report published on August 16th, 2023.
Stifel gave a rating of “Buy” to NEXT, setting the target price at $9 in the report published on August 15th of the previous year.
NEXT Trading at -34.80% from the 50-Day Moving Average
After a stumble in the market that brought NEXT to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -46.61% of loss for the given period.
Volatility was left at 7.83%, however, over the last 30 days, the volatility rate increased by 5.42%, as shares sank -43.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -38.93% lower at present.
During the last 5 trading sessions, NEXT fell by -8.27%, which changed the moving average for the period of 200-days by +9.11% in comparison to the 20-day moving average, which settled at $5.45. In addition, NextDecade Corporation saw -4.63% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at NEXT starting from HGC Next Inv LLC, who purchase 11,690,909 shares at the price of $7.50 back on Jul 29 ’24. After this action, HGC Next Inv LLC now owns 17,536,369 shares of NextDecade Corporation, valued at $87,681,818 using the latest closing price.
York Capital Management Global, the Director of NextDecade Corporation, sale 35,072,737 shares at $7.50 during a trade that took place back on Jul 25 ’24, which means that York Capital Management Global is holding 4,264,298 shares at $263,045,528 based on the most recent closing price.
Stock Fundamentals for NEXT
Current profitability levels for the company are sitting at:
- -160.04 for the present operating margin
- -5.35 for the gross margin
The net margin for NextDecade Corporation stands at -20.72. The total capital return value is set at -0.03. Equity return is now at value -4.55, with -0.74 for asset returns.
Based on NextDecade Corporation (NEXT), the company’s capital structure generated 0.82 points at debt to capital in total, while cash flow to debt ratio is standing at -0.02. The debt to equity ratio resting at 4.48. The interest coverage ratio of the stock is -1.95.
Currently, EBITDA for the company is -119.52 million with net debt to EBITDA at -20.87. When we switch over and look at the enterprise to sales, we see a ratio of 4343.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.45.
Conclusion
To sum up, NextDecade Corporation (NEXT) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
